IEEE research paper published

1. Project Review-2
on
Public Financing through Decentralized
Application
by
Shreyansh P. Dixit (RA19004010172)
Shivanshu Tripathi (RA19004010178)
Prashant Darshan (RA19004010185)
Under the guidance of
Dr. S. Latha
Assistant Professor, Department of ECE

2. INDEX
Abstract
Objectives
Problem Statement
Literature Survey
Novelty
Architecture Diagram
Design Methodology / Approach
Software specifications
Research Progress
Work Plan
Output
Requirements and Proposed Budget
Applications
Conclusions
References

3. ABSTRACT
• People’s data is valuable and sensitive, and blockchain can
significantly change how it is seen. All transactions are real time
and are logged irreversible.
• While making such transactions, privacy and security of an
individual is paramount for the service provider
• Using machine learning in web application, projects of more
importance like education and health will be pushed up above
other projects.
• This will be a multi user application. The user can see all the listed
projects with all critical information being reflected on the website.

4. OBJECTIVE
• To make a secure, transparent and decentralised web application.
• To keep identity of donator private in order to avoid his/her
exposure to scammer.
• To demonstrate cryptocurrency transactions are safe, secure and
less hectic then general payment methods, no KYC to be done.
• To develop website using recent web3 technologies.

5. PROBLEM STATEMENT
• People’s data is valuable and sensitive, and blockchain can
significantly change how it is seen.
• While making transactions, privacy and security of an individual is
paramount for the service provider.
• The number of procedure and paper work to be done by banks
before making a bank account is a headache for people.

6. Literature Survey
AUTHOR PAPER CONTRIBUTION INFERENCE
[1] L.Cao
[2022]
IEEE
Intellignt
systems
Decentralized AI:
Edge Intelligence
and Smart
Blockchain,
Metaverse, Web3,
and DeSci
-Smart contracts that can securely,
fault and risk-tolerantly and
automatically codify, transfer,
execute, audit, and manage
cryptographically - Web3 is
deemed to be a new edition of the
World Wide Web enabled by
decentralized blockchain
technology
-Integrating blockchain based
transaction methods to ease
the procedure for donators.
-Smart contracts can detect
frauds and mischiefs
instantaneously. Thus,
financial security can be
ensured.
[2] ZIBIN
ZHENG
[2022]
IEEE Open
Journal of
the
Computer
Society
When Digital
Economy Meets
Web3.0:
Applications and
Challenges
-Cryptography becomes an
essential requirement for
blockchain to safeguard user
transaction information and
privacy alongside ensuring data
consistency.
-Distributed storage is based on
blockchain technology that uses
open source applications
- There will be no
SQL/NoSQL database to
store transaction information.
- Metamask, a decentralised
wallet to be used
for transaction purposes.

7. Literature Survey
AUTHOR PAPER CONTRIBUTION INFERENCE
[3] U.
Majeed
[2023]
IEEE
Access
FL-Incentivizer: FL-
NFT and FL-
Tokens for
Federated Learning
Model Trading and
Training
-Unlike centralized applications,
Decentralized Applications
(DApps) do not have a single
administrator or controller.
-Modern DApps are self-governing
applications and are composed of
a front end interface, an
application programming interface
(API), and a back-end.
-Dapp are more transparent
and stable than a centralized
application
[4] V. Y.
Kemmoe
[2020] IEEE
Access
Recent Advances in
Smart Contracts: A
Technical Overview
and State of the Art
-Smart contracts, which are
computer programs that replicate
the actions described in
physical/traditional contracts
-Objective of smart contract are :
observability, verifiability, privity,
and enforceability
- Using smart contract,
transaction can be automated
and authenticity can be
verified.
[5] M. N. M.
Bhutta
[2021] IEEE
Access
A Survey on
Blockchain
Technology:
Evolution,
Architecture and
Security
Ethereum has been developed as
open-source public Blockchain
platform to implement Dapp. It
facilitates users to develop fairly
complex applications of different
capabilities to perform arbitrary
operations
The account type used is
Ethereum.

8. NOVELTY
• The application is made using Web3 technologies
• There is no database to store the transaction
• No threat to donator’s identity as wallet ID is shown to public. Thus,
better data privacy
• An individual can track progress of a campaign before deciding to
make a contribution

9. System/Architecture diagram
(PROPOSED)
Fig. 1: System architecture

10. Fig.2: Flow Diagram

11. SOFTWARE SPECIFICATION
• IDE: Vscode, Hardhat, Jupyter
• Programming Language used: Javascript, Solidity, Python
• Framework used: React.js
• Software packaging system: Yarn

12. RESEARCH PROGRESS
• Till now, frontend and back-end of the project is developed using
web3 technologies which accounts for ~90% of the project.
• The user interface is made ready which includes navigation bar,
profile, campaign page, home page, payment page.
• The Smart contraction is developed.

13. SMART CONTRACT

14. WORK PLAN
Front-end of
the website
will be
developed
Phase
1
Back-end
will be
developed
and
integrated
with front-
end
Phase
2
Dapp will be
deployed on
internet for
public reach
Phase
3

15. WORK PROGRESS
• Front-end and back-end of the project is developed
• Smart contract is now ready to use in the backend to
automate the transaction.
• All web pages are interlinked.
• 90% of the work is done.

16. Output
Fig. 3: Home Page

17. Output
Fig. 4: Campaign
Create Page

18. Output
Fig. 4: Campaign Page

19. Output
Fig. 4: Transaction
interface

20. Output
Fig. 4: Succesful
Transaction

21. BUDGET
• As the project is made using Opensource software, the front
end and backend will not cost money
• The deployment will cost us $10 which is roughly ₹800/-.
Thus total project cost will be ₹800/-

22. APPLICATION
• Integration of web3 technologies can be done for all modern
website, as demonstrated.
• The smart contracts which will be developed can be used for
transaction automation through blockchain for any web application
eg. School/college fees collection, ticket booking counter etc.

23. CONCLUSION
• The application ensures that the funds are transferred in proper
proportion through the smart contract to the Campaign owner’s
account upon completion of the milestones
• Privacy and security of every user is ensured
• Students and patients get easy access to world and could raise
money quickly in crypto currency

24. FUTURE WORK
• AI can be integrated in the project to push a more urgent and
important campaigns based on cause and engagement of public
• With passage of time, payment methods needs to be updated to
make it more secure
• Smart contract can be improved with more futuristic protocols
• Project can be extended to include NFT transactions

25. REFERENCES
1. L. Cao, "Decentralized AI: Edge Intelligence and Smart Blockchain, Metaverse, Web3,
and DeSci," in IEEE Intelligent Systems, vol. 37, no. 3, pp. 6-19, 1 May-June 2022, doi:
10.1109/MIS.2022.3181504.
2. C. Chen et al., "When Digital Economy Meets Web3.0: Applications and Challenges," in
IEEE Open Journal of the Computer Society, vol. 3, pp. 233-245, 2022, doi:
10.1109/OJCS.2022.3217565.
3. U. Majeed, L. U. Khan, S. S. Hassan, Z. Han and C. S. Hong, "FL-Incentivizer: FL-NFT
and FL-Tokens for Federated Learning Model Trading and Training," in IEEE Access,
vol. 11, pp. 4381-4399, 2023, doi: 10.1109/ACCESS.2023.3235484.
4. V. Y. Kemmoe, W. Stone, J. Kim, D. Kim and J. Son, "Recent Advances in Smart
Contracts: A Technical Overview and State of the Art," in IEEE Access, vol. 8, pp.
117782-117801, 2020, doi: 10.1109/ACCESS.2020.3005020.
5. M. N. M. Bhutta et al., "A Survey on Blockchain Technology: Evolution, Architecture and
Security," in IEEE Access, vol. 9, pp. 61048-61073, 2021, doi:
10.1109/ACCESS.2021.3072849.